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25th Jun

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FEATURED FOR SALE

Luxurious 2-bedroom ground floor apartment Ground floor apartment, Nicosia
€240,000
Luxurious 2-bedroom ground floor apartment
Beach house for Sale with steady income of 40,000 Detached House, Limassol
€950,000
Beach house for Sale with steady income of 40,000
Luxury 3bedroom apartment in Aglantzia. Apartment, Nicosia
€455,000
Luxury 3bedroom apartment in Aglantzia.
Luxury 3bedroom apartment in Aglantzia. Apartment, Nicosia
€365,000
Luxury 3bedroom apartment in Aglantzia.
Golf course Apartment Apartment, Pafos
€225,000
Golf course Apartment
Stunning one-bedroom apartment for sale Apartment, Nicosia
€0
Stunning one-bedroom apartment for sale

Cyprus co-op bank freezes accounts with ...

Cyprus co-op bank freezes accounts with bad loans
The Cyprus Cooperative Bank on Friday froze accounts of customers who keep their loans delinquent on purpose, as the bank makes an effort to force them to seek refinance terms. According to Kathimerini Cyprus, CCB on Friday froze accounts with deposits over €2500 in cases where owners either have delinquent loans or have defaulted on their terms causing the bank to have an unresolved Non-Performing Loan (NPL). The move is not connected to the recent deal with Hellenic Bank taking over the healthy part of the CCB, according to sources within the bank. On the contrary, those sources said the freeze was in the works for some time and it was scheduled to be rolled out in the near future. But it appears that the Hellenic deal accelerated the process. The bank says irresponsible depositors have been avoiding any effort to work together with the bank officials to agree on new loan repayment terms. In some cases, delays have gone for many years according to bank sources, in what has become to be known as “strategic defaulters” in Cyprus. This comes one day following the publication of a 2017 report by ESM, which identified key problem areas for Cyprus’ banking…

2 days ago

FEATURED FOR RENT

Office, Nicosia
€1,700 Per month
Modern Fully RENOVATED office space in City Center
Office, Nicosia
€16 Per square metre
Brand new smart office building
Detached House, Nicosia
€2,000 Per month
Beautiful Detached House of 4bed+ at Episkopio
Office, Nicosia
€4,000 Per month
Commercial Office space in Modern building
Detached House, Nicosia
€3,600 Per month
Brand New Four Bedroom House Plus Office
Detached House, Nicosia
€4,800 Per month
FIVE BEDROOM LUXURIOUS HOUSE WITH SWIMMING POOL


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